The Managed Services Approach to Keeping Your Analytics Initiative Up and Going
Business enterprises view Big Data as an asset for their business growth. And it’s no surprise that more companies are opening to the idea of using data analytics to extract valuable business insights.
At the same time, data volumes and complexity continue to grow. Overloaded with data, companies need help implementing effective analytics solutions that can sustain over a longer duration. Implementing data analytics initiatives requires synchronizing human resources, processes, and analytics skills.
Bill Szybillo of VAI says, “One of the greatest challenges around Big Data projects comes down to successfully applying the insights captured.”
Big Data projects can exceed implementation costs and duration without effective data management. To that end, what are the major challenges organizations face to keep their analytics initiative going? Let’s discuss them along with plausible solutions.
5 Challenges Facing Data Analytics
To sustain their Big Data analytics initiatives, companies first need to address each of the following 5 challenges:
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High Data Volume and Complexity
Big Data itself means large data volumes generated from multiple systems and platforms. Business enterprises face the challenge of consolidating data (from huge datasets) into a single and unified Big Data architecture.
Scalable cloud-hosted servers can handle the massive influx of data. However, organizations still face the challenge of storing data on Big Data platforms. They need a complete understanding of the implications of data analytics before planning for the right cloud infrastructure.
Additionally, organizations need to invest time in explaining the benefits of Big Data analytics to their business stakeholders and management team.
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Technology Issues
With more Big Data, companies can extract more valuable insights. However, the challenge lies in selecting the right technology tool or platform to perform this task.
Data management teams also need to deal with the complexity of technology tools that often overlap in their capabilities. Besides, companies have a range of NoSQL tools and frameworks.
As Big Data analytics tools serve different purposes, choosing the wrong technology tool can be costly and time-consuming.
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Skills Shortage
Finding and retaining competent talent stands as one of the biggest challenges. An S&P Global report found that cloud architects and data scientists are among the top skills in demand. Besides, there is a growing demand for application developers skilled in NoSQL and Hadoop technologies.
Big Data initiatives often fail due to unrealistic expectations or incorrect estimations from the project’s beginning to the end. Therefore, data-dependent organizations need the right work culture to attract and retain good talent. It’s noteworthy that effective training programs help prepare data professionals to address future challenges.
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Poor Data Quality
As data sources increase, organizations find it challenging to filter and extract high-quality data from multiple data sources. Applications driven by data analytics and Artificial Intelligence (AI) produce inaccurate results when fed with poor-quality data.
Data quality issues are more challenging when data management and analytics teams work with different data types.
Duplicate data entries and typo errors easily impact data quality. Hence, organizations need an effective solution to manage data quality.
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Scalability-Related Problems
As data volumes and complexity multiply, organizations face the challenge of scaling up their data processing capabilities. Travis Rehl of CloudCheckr explains that organizations often “start from one data model and expand out – but quickly realize the model doesn’t fit new data points.” With the right data structure, generic data lakes make it simpler to reuse data at lower costs efficiently.
Next, discuss how Ellicium’s Big Data Managed Services can sustain any data analytics program.
How Ellicium’s Big Data Managed Services Can Help with Sustained
Organizations must constantly monitor their data growth and infrastructure to achieve their Big Data objectives. Ellicium’s Big Data managed services help organizations to streamline and sustain their data operations.
Here is how Ellicium’s services help in sustaining data analytics:
- 24/7 customer support for cloud platforms and Hadoop clusters.
- Continuous data performance monitoring using Ganglia and Grafana technologies.
- Resolving data management and server issues in Apache Spark, Yarn, Hive, and HBase technologies.
- Effective incident management and troubleshooting of reported problems.
- Periodic reporting related to data availability.
- Efficient data backup and disaster recovery plan
Also Read: 5 Top Reasons to Work with a Data Analytics Managed Services Partner
Here are some of our customer success stories
Our Hadoop-based managed services solution enabled a bank to streamline its analytics operations and optimize costs by 80%. They also improved their service delivery by 80% and reduced time spent on non-core business tasks by 50%.
A financial services company optimized its Big Data infrastructure using our managed services. Based on Hadoop cluster technology, our solution provided a cost-effective model managed by their professional team.
Conclusion
To deliver business impact, data-centric organizations need to sustain their analytics initiative until completion. This is easier said than done. Organizations must address multiple challenges related to data volumes, complexity, scalability, and skill shortage.
At Ellicium Solutions, we enable our customers to focus on their business while we take care of their data management through our managed services. With our services, organizations can continuously improve data availability and stay updated on the latest technology trends.
We can help you in your data analytics journey. Start your cloud journey with us today.